New Yorkers who live there will need to have insurance on their home. There are many choices, even though insurance costs can be expensive. It's important to compare and evaluate the coverage available and to choose a policy that's right for you.
Homeowners insurance is designed to cover your belongings and your liability in the event of an accident. Many policies include coverage for theft, vandalism and weather-related damage. Wind, fire and earthquakes are just a few of the common perils that you should protect yourself against. Additionally, policies often cover losses due to natural disasters like tornadoes and hurricanes.
If you are looking to purchase homeowners insurance, there are many options available. We've compared the top providers to help you find the best one for your needs.
Allstate is a great option for those seeking a comprehensive policy. This provider offers several discounts, including a multipolicy coupon. This insurer has a stellar customer satisfaction score and offers many unique add ons for homeowners.
State Farm is another great option. They are amongst the most affordable providers and offer a wide range of unique coverage options. They also offer car insurance and renters insurance. Whether you're a first-time homeowner or have lived in your house for years, they have a policy to fit your specific needs.
Erie Insurance is another good choice for those who need more than just standard home insurance. Their policy includes personal property coverage, a guaranteed replacement cost, and loss of use coverage. You can also rebuild your house without a deductible.
Different policies will have different recommendations for the best New York homeowners insurance companies. For example, some companies will only insure homes with high values, while others may not. You must consider your personal needs as well as the geographic location of your house.
MoneyGeek's ranking of the best homeowners insurance companies in NY was based on a combination of affordability, service, and financial stability. Compared to other insurers, State Farm scored the highest on each of these factors.
Liberty Mutual is another great choice, though they do not disclose information about their claims. The homeowners policy, which has a low premium, covers theft, water damage and fire. Your emergency home repairs are also available 7 days a week.
The homeowners policy from Chubb is also an excellent choice. Its standard policy is more comprehensive, doesn't require a deductible, and pays for repairs to your home that exceed your policy's limits. The rates are however high.
Finally, Amica is one of the top companies for homeowners insurance in NY. The insurer has a very strong customer satisfaction rating and offers a broad range of coverages, from loss of use to personal property. Additional protections are available for valuables like jewelry and fine arts.